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Allspring Global Investments was originally the asset management unit of Wells Fargo known as Wells Fargo Asset Management (WFAM) that was established in 1995. [2]In October 2020, Wells Fargo was exploring the sale of WFAM as part of its efforts to focus more on core competencies and improve its financial performance after the Wells Fargo cross-selling scandal.
Assets managed by BlackRock shot to $11.48 trillion in the period, compared with $9.10 trillion a year earlier and $10.65 trillion in the second quarter, the company said on Friday.
In 2021, the company sold its asset management division, Wells Fargo Asset Management (WFAM) to private equity firms GTCR and Reverence Capital Partners for $2.1 billion. [91] WFAM had $603 billion in assets under management as of December 31, 2020, [92] [93] of which 33% was invested in money market funds. [94]
The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (all public companies with sales of $20 billion or more are included, while privately held companies are not included).
BlackRock's alternative assets under management — including private debt and equity — totaled approximately $320 billion as of the end of September, less than 3% of its $11.5 trillion in assets.
It was the first time BlackRock, the world's biggest asset manager with $9.6 trillion in assets, has said how its portfolio could look in 2030 as far as emissions are concerned, but it remains an ...
In 2014, [20] BlackRock's $4 trillion under management made it the "world's biggest asset manager". [38] At the end of 2014, the Sovereign Wealth Fund Institute reported that 65% of Blackrock's assets under management were made up of institutional investors. [39] By June 30, 2015, BlackRock had US$4.721 trillion of assets under management. [40]
The company attracted $84.25 billion in new money during the third quarter, boosting its total assets managed to $6.96 trillion. Investors preferred BlackRock's low-fee passive-investment products ...